Feedback Appreciated, Many thanks
-- Sell the breakout -- Targets highlighted
-- Although price is currently Bullish, -- As Shown we have a bearish rising wedge forming. -- Which could drive price back into trend . Selling the breakout & retest would be a good idea.. Feedback Appreciated, Many Thanks
More reason to sell After i see further bearish confirmation
Check previous post for clearer outlook! We have a rising wedge, (potential break out) or we could see price rally up for retest of Lower TL. Trade with care.
-- Rising Wedge ( potential reversal ) -- If price breaks out of trend Bullish momentum will continue -- Before selling pullback wait for Strong Bearish PA Trade with care.
-- If price reaches 1.4812.. Trade your plan, -- I would recommend waiting strong bearish confirmation before entry. Many Thanks, Comments Appreciated.
I WILL LOOK TO ENTER LONG SOON TARGETS SHOWN -- If break below lower TL await retest and further bearish PA
We have an already formed Cup & Handle Pattern. -- First entry just above the 50 Fib strong potential buy zone -- However if I'm not happy with this setup ill wait for the break of the neck line -- Key Levels highlighted in Blue. Resistance turned Support -- RSI in Buy Zone
-- potential gartley -- Is against trend but has potential as price has held below 161.50+
OVERALL SHORTH ON THIS PAIR BUT I WILL WAIT FOR PRICE TO SHOW ME MORE SIGNS BUT I STRONGLY BELIVE WE COULD MAKE NEW LOWS PLEASE LEAVE FEEDBACK REALLY APPRECIATED